FIE.TO vs. SCHD
FIE.TO (iShares Canadian Financial Monthly Income ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - FIE.TO is a Financials Equities fund actively managed by iShares, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. FIE.TO is actively managed, while SCHD is passively managed. Over the past 10 years, FIE.TO returned 12.31%/yr vs 13.84%/yr for SCHD. A 0.50 correlation means they provide meaningful diversification when combined. FIE.TO charges 0.74%/yr vs 0.06%/yr for SCHD.
Performance
FIE.TO vs. SCHD - Performance Comparison
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Different Trading Currencies
FIE.TO is traded in CAD, while SCHD is traded in USD. To make them comparable, the SCHD values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FIE.TO achieves a 14.56% return, which is significantly lower than SCHD's 21.76% return. Over the past 10 years, FIE.TO has underperformed SCHD with an annualized return of 12.31%, while SCHD has yielded a comparatively higher 13.84% annualized return.
FIE.TO
- 1D
- 0.09%
- 1M
- 4.86%
- YTD
- 14.56%
- 6M
- 11.23%
- 1Y
- 32.60%
- 3Y*
- 26.44%
- 5Y*
- 13.03%
- 10Y*
- 12.31%
SCHD
- 1D
- 0.34%
- 1M
- 0.29%
- YTD
- 21.76%
- 6M
- 20.80%
- 1Y
- 28.42%
- 3Y*
- 17.49%
- 5Y*
- 11.82%
- 10Y*
- 13.84%
FIE.TO vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 14.56% | 24.36% | 27.62% | 12.58% | -14.35% | 27.34% | 1.33% | 18.97% | -9.12% | 12.01% |
SCHD Schwab U.S. Dividend Equity ETF | 21.71% | -0.42% | 21.11% | 2.06% | 2.87% | 29.81% | 12.30% | 22.05% | 2.38% | 12.66% |
Correlation
The correlation between FIE.TO and SCHD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.50 |
The correlation between FIE.TO and SCHD shifts across timeframes, from 0.31 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FIE.TO vs. SCHD — Risk / Return Rank
FIE.TO
SCHD
FIE.TO vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Financial Monthly Income ETF (FIE.TO) and Schwab U.S. Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIE.TO | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.42 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 6.89 | -2.33 |
| Martin ratioReturn relative to average drawdown | 14.80 | 17.18 | -2.37 |
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Drawdowns
FIE.TO vs. SCHD - Drawdown Comparison
The maximum FIE.TO drawdown since its inception was -42.24%, which is greater than SCHD's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for FIE.TO and SCHD.
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Drawdown Indicators
| FIE.TO | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.24% | -27.31% | -14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -4.14% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -10.70% | -15.24% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -15.24% | -7.69% |
Max Drawdown (10Y)Largest decline over 10 years | -42.24% | -27.31% | -14.93% |
Current DrawdownCurrent decline from peak | 0.00% | -1.09% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -3.04% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.66% | +0.55% |
Volatility
FIE.TO vs. SCHD - Volatility Comparison
The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.54%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.95%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIE.TO | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 3.95% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 8.73% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.02% | 11.90% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.55% | 15.56% | -5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.06% | 17.83% | -3.77% |
FIE.TO vs. SCHD - Expense Ratio Comparison
FIE.TO has a 0.74% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Dividends
FIE.TO vs. SCHD - Dividend Comparison
FIE.TO's dividend yield for the trailing twelve months is around 4.34%, more than SCHD's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.34% | 4.94% | 5.83% | 6.98% | 7.31% | 5.92% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
SCHD Schwab U.S. Dividend Equity ETF | 3.30% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
FIE.TO and SCHD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.74% for FIE.TO.
FIE.TO is categorized as Financials Equities, while SCHD is Dividend. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.74% for FIE.TO and 0.06% for SCHD.
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